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CONSOLIDATED RESULTS OF OPERATIONS This discussion of our consolidated results of operations should be read in conjunction with our consolidated financial statements and accompanying notes. We have three primary sources of revenue: n Net interest income- Primarily consists of guarantee net interest income in Single-Family. We consolidate most of our. ....
mobile money or FinTech, which has become big business for top mobile operators – MTN, Vodacom, and Airtel Africa. Database company, Statista, says for those people with no access to banking services, mobile money provides financial inclusion, a way to participate in the economy without a bank account. The use of mobile money in Africa, one of the most underbanked regions globally, has skyrocketed. In 2019, 200 million users made 24.46 billion mobile money transactions in Sub-Saharan Africa. The Middle East and Northern Africa accounted for 64.15% of all transactions made worldwide. The mobile money space is undergoing rapid growth, with big African mobile operators jostling for a share. ....
To print this article, all you need is to be registered or login on Mondaq.com. Asset managers should be aware that on January 7, 2021, the IRS released final regulations (the Final Regulations ) implementing section 1061 of the Code, which governs the character of carried interest gains allocated to or derived by a service partner in an investment fund. Very generally, the statute denies access to the 20% rate for long-term capital gains attributable to a carried interest unless the holder of the asset has a holding period of more than three years. Capital gains for which long-term treatment is denied will be ....